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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimantan, and PT Santan Batubara.
In a public expose material submitted to Indonesia Stock Exchange, Indika owns 46% stakes in Kideco which has coal reserves of 579 million tons with concession area of 50,400 hectares. In Kalimantan Barat's coal asset, Indika controls 90% stakes at 34,200 hectares concession area.
Through PT Petrosea Tbk (PTRO), Indika owns 50% stakes in Santan Batubara with 264 million tons of coal reserves.
Kideco Expansion
At the end of March 2010, Kideco, Indonesia's third largest coal mining company, produced 6.9 million tons of coal with overberden removal of 44.8 million bcm. Kideco's strip ratio reached 6.49.
Kideco has bought equipments such as dumptrucks, excavator, and the others. It has improved crushing plant and loading facilities. Kideco has initiated development of Samarangau pit which has the largest coal reserves at Kideco's concession area.
Samarangau is estimated to have coal resouces of 694 million tons and 348 million tons of coal reserves.
Santan Production
Santan Batubara is a joint venture between Petrosea, coal mining contractor acquired by Indika mid last year, and PT Harum Energy, a coal mine company owned by Indonesian tycoon Kiki Barki. Petrosea is responsible for coal mining contract and Harum Energy holds Santan's coal marketing.
Santan has commenced a commercial production in March 2009 by mining 1.25 million tons of coal. Santan has signed five contracts of overburden removal with Petrosea. The first productions this year and 2011 are estimated to obtain 2.5 million tons of coal annually.
In mrach 2010, Santan posted US$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- Siam City Cement - Thailand
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- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
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- London Commodity Brokers - England
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- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
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- Global Coal Blending Company Limited - Australia
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- Sojitz Corporation - Japan
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- Leighton Contractors Pty Ltd - Australia
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- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
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- Oldendorff Carriers - Singapore
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- Eastern Coal Council - USA
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- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
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- PTC India Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
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- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
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- Essar Steel Hazira Ltd - India
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- Electricity Authority, New Zealand
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- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
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- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
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- Tamil Nadu electricity Board
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- Energy Link Ltd, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
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- Gujarat Electricity Regulatory Commission - India
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- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
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- Deloitte Consulting - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
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- Siam City Cement PLC, Thailand
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- White Energy Company Limited
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- Minerals Council of Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
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- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
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